Stella-Meta gets a new lease of life
- From: Vol 9, Issue 2 (February 2008)
- Category: General
- Region: Europe
- Country:
- Related Companies: ITT, PCI Membranes, PTF Engineering, Rolwey Group, Stella-Meta and Thames Water
ITT has sold its military desal division after years of stagnant growth. New owner Rolwey has big plans to turn the business around.
ITT has completed the sale of its military desalination division Stella-Meta to UK-based Rolwey Group. ITT acquired the business from Thames Water in 2002 as part of the PCI Membranes division, but low demand from military clients for new water treatment units resulted in a period of stagnation, leading the company to view Stella-Meta as a dispensible non-core business line ...
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